Who will be affected by any of the proposed cuts and changes to Social Security?

En español | AARP feels that it is extremely likely that any changes to the Social Security program would be modest and implemented over time. If you are currently approaching retirement age, the chance that your benefits will change dramatically is much smaller than if you are still 15-20 years from claiming age. One exception could be a change to the Cost of Living Adjustment, which could affect everyone receiving a benefit immediately ny reducing annual increases to benefits.